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Greycroft
American venture capital firm From Wikipedia, the free encyclopedia
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Greycroft LP is an American venture capital firm. It manages over $3 billion in capital with investments in companies such as Bird, Bumble, HuffPost, Goop, Scopely, The RealReal, and Venmo.[1][2][3] Greycroft was founded in 2006 by Alan Patricof, Dana Settle, and Ian Sigalow.[4] The firm is headquartered in New York City, Los Angeles, and the San Francisco Bay Area.[5]
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History
Greycroft was co-founded in 2006 by venture capitalist Alan Patricof,[6] who previously founded Apax Partners, a European private equity group with $50 billion under management.[7][8]
Greycroft raised its first fund (Greycroft I) with $75 million of investor commitments in 2006,[9] Greycroft II with $131 million in 2010,[9] Greycroft III with $175 million fund in 2015,[10] Greycroft IV with $200 million in 2018,[11] Greycroft V with $250 million in 2018,[12] and Greycroft VI with $310 million in 2020.[13] In 2014, Greycroft raised its first growth fund, Greycroft Growth, with $200 million.[14]
Greycroft raised Greycroft Growth II fund with $250 million in 2017.[15] Greycroft raised Greycroft Growth III, a $368 million growth fund in 2020.[16][17] The firm raised over $1B in new funds in 2023 for Greycroft Partners VII and Greycroft Growth IV.[18]
Its recent investments include Stability AI,[19] Contextual AI,[20] and Reken.[21]
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Investments
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Perspective
Greycroft has invested in over 300 companies located in 45 cities internationally, with the majority of these companies headquartered in the United States.[22]
The firm's notable investments include:
- Braintree, acquired by PayPal for $800 million in 2013[23]
- Buddy Media, acquired by Salesforce.com for $800 million in 2012[24]
- Candid, raised a $63.4 million Series B round in 2019[25]
- Convoz, a startup founded by Chamillionaire.[26]
- Maker Studios, acquired by Disney for $950 million in 2014[27]
- Plated.com, acquired by Albertsons for $200 million in 2017[28][29]
- Munchery, ceased operations in 2019[30]
- Osmosis, raised a $4 million Series A round in 2019[31]
- Selerio, acquired by Streem in 2019[32]
- Trunk Club, acquired by Nordstrom for $350 million in 2014[33]
- Venmo, acquired by PayPal for $800 million in 2016[34]
- Boxed, raised $6.5M in 2014[35]
- Scopely, raised $200M Series D round in 2019[36]
- Yeahka, IPO executed on Hong Kong Stock Exchange in 2020[37]
- BrightHealth, raised $200M Series C in 2018[38]
- Anine Bing, raised $15M Series A in 2018[39]
- App Annie, raised $63M Series E in 2016[40]
- Thrive Market, raised $111M Series B in 2016[41]
- The RealReal, whose IPO was executed in June 2019 and listed to Nasdaq[42]
- Flutterwave, raised $35M Series B in 2019[43]
- Acorns, raised $105M Series E round in 2019[44]
- Icertis, became a "unicorn" and raised a $115M Series E in 2019[45]
- Public.com, raised $15M Series B in 2020[46]
- LEX Markets, raised $4M Seed in 2019[47]
- Axios, raised $20M Series B in 2017[48]
- Huffington Post, sold to AOL for $315M in 2011[49]
- Mapped, raised $6.5M Seed II in 2021[50]
- Free Range Games, raised undisclosed amount Series A in 2015[citation needed]
- AmplifAI raised $18.5 million Series A in 2021 [51]
- Leena AI, raised $30 million in a Series B funding round in 2021
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References
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